News > Delhivery CEO navigates market meltdown in ‘nerve-wracking’ IPO

Delhivery CEO navigates market meltdown in ‘nerve-wracking’ IPO

CNBC TV18 | 03/06/2022 08:02 AM | Click to read full article

Sahil Barua, chief executive officer of logistics startup Delhivery Ltd., minces no words about the process of going public in what’s shaping up to be an historic meltdown in the technology industry.

“It was nerve-wracking,” said the 37-year-old, who is also a co-founder. Barua and his team slashed the size of the offering by about 30% at the beginning of May and then decided to price shares conservatively.